Swarm of Alternative Crypto Assets Outpace Bitcoin’s Gains by Double Digits This Week

Crypto

After the price of bitcoin tapped an all-time high above the $67K handle, it then dropped below the $60K zone to $59,510 per unit. Since then, the main crypto asset has regained some of the losses and bitcoin is still up 2.4% over the past seven days. However, a great number of crypto assets have outperformed bitcoin’s weekly rise, capturing double-digit gains as high as 65.1%.

Thorchain, Nexo, Near, Okb, Shiba Inu, Safemoon Values ​​Peak

Digital currency markets are on the move again as the $ 2.733 billion market valuation of all 10,000+ crypto assets is up 4.6% on Monday. BTC has jumped a bit higher during the latter half of Sunday’s trading sessions into Monday and BTC has gained 2.4% this past week. But there are over 55 different digital assets that outperformed BTC’s weekly gains.

The top seven-day gainer this week is thorchain (RUNE) which has jumped a whopping 65.1% this past week. The crypto thorchain asset has a market cap of $ 3.3 billion and a trade volume of $ 208 million on Monday. Nexo (NEXO) spiked 61.6% during the last week and has a market cap of around $1.5 billion.

Nexo is followed by gains of okb (OKB) which jumped 61.5% this week and the rise in the value of Near (NEAR) of 56.1%. Shiba inu suffered some losses after Elon Musk said he didn’t own any SHIB but the meme-currency did gather 53.2% in gains this week. Harmony (ONE) performed well last week scoring 47.5% and safemoon (SAFEMOON) rose 45.8%.

Ethereum Gains 9% Pushing Market Dominance to 18.2%

As far as the top ten crypto are concerned, ethereum (ETH) has risen 9.4%, binance coin (BNB) spiked 3.4%, solana (SOL) is up 33%, polkadot (DOT) up 5.7%, and dogecoin (DOGE) jumped 10.7%. With a market valuation of $ 2.733 billion, all of today’s digital assets have recorded a global trade volume of approximately $ 125 billion.

Ethereum’s 9.4% gain has cushioned ether’s dominance level this week as it has tapped 18.2% on Monday. Bitcoin’s dominance level fell a few percentages, from over 45% to 43.5% on Monday afternoon.

Furthermore, binance coin (BNB) has a market cap dominance of around 3.09%, the stablecoin tether (USDT) commands 2.72%, cardano (ADA) 2.71%, and solana (SOL) 2.43% in terms of market dominance among the 10,000+ crypto assets.

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